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Paperback or Softback. Zustand: New. Advanced Macroeconomics: An Introduction for Undergraduates. Book.

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Paperback. Zustand: New. Foreword by Guido Cozzi (University of St. Gallen, Switzerland) Advanced Macroeconomics covers selected topics in advanced macroeconomics at undergraduate level and bridges the gap between intermediate macroeconomics for undergraduates and advanced macroeconomics for postgraduates. By building on materials in intermediate macroeconomics textbooks and covering the mathematics of some classic dynamic general-equilibrium models, this book will give undergraduate students a firm appreciation of modern developments in macroeconomics. This book examines the implications of government policies (such as fiscal policy, monetary policy and innovation policy) and devotes several chapters to economic growth, covering the ideas for which Paul Romer was awarded the Nobel Memorial Prize in Economic Sciences in 2018 and also the Schumpeterian growth model for which Philippe Aghion and Peter Howitt were awarded the Nobel Memorial Prize in Economic Sciences in 2025.Dynamic general equilibrium is the foundation of modern macroeconomics. Chapter 1 begins with a simple static model to demonstrate the concept of general equilibrium. Chapters 2 to 4 cover the neoclassical growth model, exploring the effects of exogenous changes in technology: an important source of business cycle fluctuations. Chapters 5 to 7 use the neoclassical growth model to explore the effects of fiscal policy instruments such as government spending, labour income tax and capital income tax. Chapter 8 develops a simple New Keynesian model to analyse the effects of monetary policy. Chapter 9 begins the analysis of economic growth by reviewing the Solow growth model. Chapters 10 to 12 present the Ramsey model and introduce different market structures to the model to lay down the foundation of the Romer model. Chapter 13 incorporates an RandD sector into the Ramsey model with a monopolistically competitive market structure to develop the Romer model of endogenous technological change. Chapters 14 to 15 examine the implications of the Romer model. Chapter 16 concludes this book by presenting the Schumpeterian growth model and examining its different implications from the Romer model.…

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Hardback. Zustand: New. This book develops an economic theory of the entirety of human evolution, presenting a Malthusian growth-theoretic framework to explore the origins of the human species and the development of human society across the prehistoric, agricultural, industrial and modern eras.Early members of our genus Homo emerged over 2 million years ago, gradually evolving into Homo sapiens about 300,000 years ago. During most of their existence, early modern humans were hunter-gatherers and shared this planet with archaic humans, such as Neanderthals and Denisovans. So, how did Homo sapiens emerge? Why did other human species become extinct while early modern humans survived? Why do modern humans still carry DNA from archaic humans? What caused the transition of human society from hunter-gatherer tribes to agricultural settlements and the subsequent development from an agricultural economy to an industrial economy? And how has education affected the emergence of innovation and given rise to the progression from pre-industrial stagnation to economic growth in the modern era? By addressing these fundamental questions through an economic lens, the book reveals the manifold influences that have shaped the unique trajectory of our species.…

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Hardback. Zustand: New. Foreword by Guido Cozzi (University of St. Gallen, Switzerland) Advanced Macroeconomics covers selected topics in advanced macroeconomics at undergraduate level and bridges the gap between intermediate macroeconomics for undergraduates and advanced macroeconomics for postgraduates. By building on materials in intermediate macroeconomics textbooks and covering the mathematics of some classic dynamic general-equilibrium models, this book will give undergraduate students a firm appreciation of modern developments in macroeconomics. This book examines the implications of government policies (such as fiscal policy, monetary policy and innovation policy) and devotes several chapters to economic growth, covering the ideas for which Paul Romer was awarded the Nobel Memorial Prize in Economic Sciences in 2018 and also the Schumpeterian growth model for which Philippe Aghion and Peter Howitt were awarded the Nobel Memorial Prize in Economic Sciences in 2025.Dynamic general equilibrium is the foundation of modern macroeconomics. Chapter 1 begins with a simple static model to demonstrate the concept of general equilibrium. Chapters 2 to 4 cover the neoclassical growth model, exploring the effects of exogenous changes in technology: an important source of business cycle fluctuations. Chapters 5 to 7 use the neoclassical growth model to explore the effects of fiscal policy instruments such as government spending, labour income tax and capital income tax. Chapter 8 develops a simple New Keynesian model to analyse the effects of monetary policy. Chapter 9 begins the analysis of economic growth by reviewing the Solow growth model. Chapters 10 to 12 present the Ramsey model and introduce different market structures to the model to lay down the foundation of the Romer model. Chapter 13 incorporates an RandD sector into the Ramsey model with a monopolistically competitive market structure to develop the Romer model of endogenous technological change. Chapters 14 to 15 examine the implications of the Romer model. Chapter 16 concludes this book by presenting the Schumpeterian growth model and examining its different implications from the Romer model.…

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